WSJ – Subscription Music Service Sounds a New Note: Profit

The music industry increased revenue for the first time in over a decade last year. Tiny services like Saavn lead the way toward profitability but giants like Spotify may not be far behind.

June 30, 2017

Streaming services like Spotify AB and Apple Music have helped to revitalize record labels while outpacing downloads and physical sales as the most popular way consumers obtain music.

But there’s one thing it appears none have yet achieved: profits.

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